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Babak Eftekhari 
Managing Director


  • Emerging Markets Trading 

  • FX Derivatives Trading

  • Structured Products

  • Emerging Markets Interest Rates 

Babak Eftekhari  | FX Derivatives Expert Witness | SEDA Experts

Babak Eftekhari has over 25 years of experience in the finance industry, primarily as an emerging markets and foreign exchange derivatives trader. He served as managing director and head of local European Emerging Markets trading at Goldman Sachs and then subsequently Bank of America Merrill Lynch. In addition, he has had supervisory oversight for local emerging markets interest rates businesses as well as hard currency flow trading and structured products.

Mr Eftekhari, as former head of European Emerging Markets trading primarily managed the European local markets foreign exchange and rates businesses at Bank of America Merrill Lynch and prior to that at Goldman Sachs. In addition to his managerial role for the local markets, he had at various times supervisory responsibilities for the cash and structured credit businesses. During his time at Goldman Sachs, he oversaw a large expansion of the local markets business, and in particular the foreign exchange business, from a team of four traders to one of 20 traders, covering a wide range of markets and products.


Mr Eftekhari began his career in 1997 as a developed markets foreign exchange options trader co-managing the Japanese Yen book, before assuming sole responsibility for the European Cross book in London. He subsequently spent a period of time managing the EUR and GBP books in New York, as well as backing up the risk management of the Latin American FX options book. Upon his return to London in 2001, he assumed sole responsibility for European Emerging Markets options book, eventually assuming managerial responsibility for the entire European Emerging Markets foreign exchange until leaving Goldman Sachs in 2013 and the European Emerging Markets rates businesses for a period time. Whilst at Goldman Sachs, he served as a member of the Divisional Risk Committee. Upon leaving Goldman Sachs, Mr Eftekhari was head of European Emerging Markets Trading at Bank of America Merrill Lynch from 2013 to 2016, overseeing a turn around of the local markets business. 


During the last few years, Mr Eftekhari has been involved in various consulting roles related to his career in finance. More recently he spent three years as Chief People Officer and Head of Talent Acquisition at Eisler Capital.




University of Cambridge  

PhD, Empirical Finance

MPhil, Economics

BA, Economics

College of Law/Open University   

LLB – Bachelor of Laws

University of London, Birkbeck College   

MA, Contemporary Culture and Literature

BA, History of Art




SEDA Experts

Managing Director

Eisler Capital

Chief People Officer & Head of Talent Acquisition


Global Financial Experts

Consulting Partner

Bank of America Merrill Lynch

Managing Director

Head of Emerging Markets Trading, Europe

Goldman Sachs International

Managing Director

Head of CEEMA foreign exchange trading 

Emerging Markets FX options trading 


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